2009-10-22 00:44:03 -

Attorney Advertising. Notice is hereby given that Stull, Stull & Brody has commenced an investigation on behalf of shareholders of Gander Mountain Company (“Gander” or the “Company”) (Nasdaq: GMTN) for possible breaches of fiduciary duty and other violations of state law in connection with a 1-for-30,000 reverse stock split in a going-private transaction approved by the Company’s Board of Directors

in which the Company’s two largest shareholders will pay $5.15 per share to shareholders who own fewer than 30,000 shares and shareholders of 30,000 shares or more will retain their shares.

If you own common stock of Gander and wish to obtain additional information about this matter, please contact Stull, Stull & Brody at the toll-free number listed below. Stull, Stull & Brody has litigated many class actions for violations of securities laws and breaches of fiduciary duties on behalf of defrauded investors over the past 40 years and has obtained court approval of substantial settlements on numerous occasions.

The investigation concerns the price to be paid to Gander shareholders and the process by which Gander’s Board of Directors is addressing the transaction. Gander’s shares traded at $6.49 per share as recently as June 29, 2009 and the Company has a book value of $6.37 per share.

If you wish to discuss this matter or have any questions concerning this notice or your rights or interests with respect to this matter, please contact Aaron Brody, Esq. at Stull, Stull & Brody by calling 1-800-337-4983 or 1-212-687-7230, or by email to ssbny@aol.com : mailto:ssbny@aol.com or by writing to Stull, Stull & Brody, 6 East 45 th Street, New York, NY 10017.

Attorney advertising. Prior results do not guarantee a similar outcome.

Stull, Stull & BrodyAaron Brody, Esq.1-800-337-4983 or
212-687-7230 ssbny@aol.com : mailto:ssbny@aol.com